The post Justine Sun: Huobi Expects to Break Even this Quarter! appeared first on Coinpedia Fintech News
Huobi, a cryptocurrency exchange, has suffered losses for four consecutive quarters. Tron founder Justin Sun, who serves as an adviser to the exchange, Sun blamed the losses on the firm’s extensive marketing, advertising, and payroll spending. However, he added that expenses had now been reined in and that he anticipated Huobi making a small profit in the final quarter of this year. Despite the losses, Sun said the Huobi-related crypto group, which includes Tron, had still performed well, with the pair posting $85 million in profits combined on a turnover of $193 million.